Topic Page Number

Title Fly I
Title page II
Letter of Transmittal III
Letter from controller IV
Acknowledgement V
Executive Summary VI
Table of Contents VII
1. INTRODUCTION TO REPORT 1 - 11

1.1 Prelude 1
1.2 Origin of the Report 1
1.3 Rationality of the study 2
1.4 Objectives of the study 2
1.5 Scope of the study 2
1.6 Limitations of the Study 3
1.7 Methodology 4 - 11

2. ORGANIZATIONAL STUDY 11 - 18

2.1 Overview of First Security Islami Bank Ltd 11

2.2. Organ gram of the Bank 14
2.3 Performance of the Bank 15
2.4 Financial Highlight 16
2.5 Key features of Banking services 17
2.6 Products and services of FSIBL 18

3. OVERALL BANKING. 20 - 26

3.1 Functions of FSIBL 20

3.2 General Banking 20 - 24
3.3 Remittance 25
3.4 Investment Decision. 25 - 26
3.5 Foreign Exchange Division 26

4. FUNCTIONAL UNITS OF FOREIGN EXCHANGE OPERATION 26 - 32

4.1 Meaning of Foreign Exchange Market 26

4.2 Functions of Foreign Exchange Market 27

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4.3 Types of Institutions 28
4.4 Foreign Exchange Market Operation 27
4.5 Structure of Foreign Exchange Market 28
4.6 How foreign Exchange is being controlled 29
4.7 Authorized dealer branch 30
4.8 Arbitrage of Foreign exchange 30
4.9 Foreign Exchange Regulation Act 30
4.10 Foreign Exchange Business of FSIBL 30
4.11 Functions of Foreign Exchange of FSIBL 31 - 32
4.12 Method of effecting payment of FSIBL 32 – 33

5. LETTER OF CREDIT 34 - 39

5.1 Letter of Credit Meaning 34

5.2 Types of Documentary Credit 34
5.3 Other parties that facilitate the Documentary Credit 35 - 37
5.4 Some Important Documents of L/C 37 - 38
5.5 Form – IMP 38 - 39

6. IMPORT SECTION. 39 - 48

6.1 Meaning of Import 39

6.2 Classification of Import 40
6.3 Import Mechanism 40
6.4 Import procedure of FSIBL 40
6.5 Restriction regarding source of procurement of goods 41
6.6 Import Authorization 42
6.7 Deferred Payment 42
6.8 Import L/C (Letter of Credit) 43
6.9 Bank will supply the following papers /document before opening L/C 44
6.10 Examination of L/C application 45
6.11 Retirement procedure for Deferred payment of issuance Bills: 45
6.12Charges for L/C opening 45
6.13 Essential things contain of L/C form 46
6.14 Processing and opening of Back to Back L/C procedure 46
6.15 Other Documents Necessary For Import 47
6.16 Import Performance of FSIBL 47
6.17. Achievement and the growth of Import of FSIBL 48

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7. EXPORT SECTION 48 - 57

7. 1 Meaning of Export 48
7.2 Definition of Exporter 49
7.3 Procedure for Maintaining Export Registration Certificate (ERC) 49
7.4 Different Types of Export 50
7.5 General Rules for Export 50
7.6 Stages & Mechanism of Export 52
7.7 Export Document Checking 52
7.8 Export Financing 53
7.9 Security of Pre-Shipment Investment 53
7.10 EXP Requirement 54
7.11 Inspection of Goods 54
7.12 Send shipping advice 54
7.13 Shipping Requirement of Exporter in the Context of Export 55
7.14 Required Documents /Papers of L/C Stipulation 55
7.15 Sending Export document on Collection 55
7.16 Export Incentives 56 - 57

8. FOREIGN REMITTANCE 57 - 62

8.1 Meaning of Remittance 57

8.2 Foreign Remittance 57
8.3 Function of the Remittance Section 58
8.4 Remittance of Fund 58
8.5 Inward remittance 58
8.6 Foreign Remittance 59
8.7 Inward Remittance 60
8.8 Outward Remittance 61 - 62

9. RESULTS AND DISCUSSION 63 - 67

10. CONCLUSION 68
11. RECOMMENDATION 69
12. BIBLIOGRAPHY & 70
13. ACRONYMS 71

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